IMF | Capacity Development Office in Thailand

At the request of the Bank of Lao PDR (BOL), CDOT organized a peer-learning visit of BOL officials to the National Bank of the Kyrgyz Republic (NBKR) during July 15–19, 2024. Eight officials from the BOL’s Monetary and Policy Implementation (MPI) group—established specifically for the implementation of the CDOT CD program—participated in this visit and were led by the Director General of the Monetary Policy Department. The NBKR's experience in the modernization of monetary policy implementation has been highly valuable to the BOL, especially in addressing the challenges that the NBKR had faced during the transition period.

At the request of Bank of Lao PDR (BOL), CDOT continued the engagement with the Bank of Lao PDR (BOL) in enhancing its monetary operations framework. At the wrap-up meeting, the newly appointed Deputy Governor reaffirmed his support to the TA project and follow-up CD activities by CDOT in the upcoming quarter.

CDOT and the IMF Institute for Capacity Development (ICD) conducted an in-person technical assistance at the Bank of the Lao PDR (BOL) to support of the BOL’s monetary policy formulation. The mission delivered customized training on selected topics in monetary policy and macroeconomic forecasting, including monetary policy framework and transmission channels, empirical analysis on drivers of inflation including exchange rate pass-through, and inflation near-term forecasting (NTF). This mission also supported the BOL in refining the tool on analyzing drivers of inflation and improving the BOL’s existing inflation NTF tools.

At the request of Bank of Lao PDR (BOL), CDOT continued the engagement with the Bank of Lao PDR (BOL) in enhancing its monetary operations framework, as part of the ongoing multi-year CD work plan. The mission identified next steps to further improve the BOL’s liquidity management capabilities, and agreements were made on follow-up CD activities by CDOT for the upcoming quarter.

CDOT and the IMF Institute for Capacity Development (ICD) conducted an in-person technical assistance at the Bank of the Lao PDR (BOL) to support of the BOL’s monetary policy formulation. The mission provided a training on Macroeconomic Diagnostics (MDS) and diagnostic tools for macroeconomics aspects, including drivers of inflation, exchange rate pass-through, Phillips curve analysis, potential output, output gaps, and external sector’s sustainability which was followed by presentations to the BOL management and discussions with IMF country team.